Paul Wilmott on quantitative finance
by Paul Wilmott · first published 2000
3mentions
3recommended by
3HN commenters
2011–2019first – last mentioned
100% recommend
Paul Wilmott on Quantitative Finance, Second Edition provides a thoroughly updated look at derivatives and financial engineering, published in three volumes with additional CD-ROM. Volume 1: Mathematical and Financial Foundations; Basic Theory of Derivatives; Risk and Return. The reader is introduced to the fundamental mathematical tools and financial concepts needed to understand quantitative finance, portfolio management and derivatives. Parallels are drawn between the respectable world of investing and the not-so-respectable world of gambling. Volume 2: Exotic Contracts and Path Depend
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…keep it under your pillow. It is truly superb. Nassim Taleb's "Dynamic Hedging" is the finest book I'm aware of on the subject of actually trading/managing vol portfolios. It's REALLY good. And dense. "Paul Wilmott on Quantitative Finance" vol 1-3 are worth having as a reference, perhaps.
on “Good books for hackers interested in quant finance?” ↗…equation. I suppose reading McKinsey's Valuation is good for understanding cash flow valuation. Hull's Options, Futures, and Other Derivatives is the cornerstone piece of the field, followed closely by Paul Wilmott on Quantitative Finance. If you get volatility you understand the liquid equity markets. Now you understand basic theoretical finance and the entire capital structure (Google that). Final building block is global macro (not…
on “Financial Software Projects (C++) - NYU Fall 2011” ↗…library, they usually have a terminal. Or your local university MBA library. Just play around with it. It is a beautiful and very different machine/software. If you really want to use it, I enjoyed the book Paul Wilmott on Quantitative Finance which uses the Bloomberg Terminal quite a bit for interactive learning.
on “The Bloomberg Terminal, Explained” ↗